Insider Buying: Steppe Cement Ltd. (LON:STCM) Insider Buys £42,000 in Stock

Steppe Cement Ltd. (LON:STCM) insider Javier del Ser Perez acquired 300,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of GBX 14 ($0.18) per share, with a total value of £42,000 ($53,674.12).

Javier del Ser Perez also recently made the following trade(s):

• On Thursday, August 1st, Javier del Ser Perez acquired 125,000 shares of Steppe Cement stock. The stock was acquired at an average cost of GBX 13 ($0.17) per share, with a total value of £16,250 ($20,766.77).

Steppe Cement Price Performance

Steppe Cement stock opened at GBX 15.50 ($0.20) on Friday. Steppe Cement Ltd. has a 52-week low of GBX 12.02 ($0.15) and a 52-week high of GBX 29.80 ($0.38). The firm has a fifty day moving average of GBX 16.36 and a 200-day moving average of GBX 18.82. The firm has a market capitalization of £33.95 million, a P/E ratio of 516.67 and a beta of 0.57. The company has a quick ratio of 1.63, a current ratio of 2.60 and a debt-to-equity ratio of 11.01.

Steppe Cement Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, May 27th were given a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 8.57%. The ex-dividend date of this dividend was Monday, May 27th. Steppe Cement’s payout ratio is currently 16,666.67%.

Steppe Cement Company Profile

Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.